Lentil Protein Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2031- (By Derivatives Coverage, Geographic Coverage and By Company)

Market Insights

Drivers of Growth

• Increasing Consumer Awareness: The global shift towards plant-based diets and the rising health consciousness among consumers are key factors driving the growth of the lentil protein market. Lentil protein contains a high level of lysine, arginine, glutamic acid, and other essential amino acids, which are known to improve immune system functionality and help prevent viral infections. Consumers are increasingly avoiding animal-based proteins due to health concerns and opting for plant-based protein sources like lentils.
• Veganism and Alternative Protein Trends: The growing popularity of veganism and the negative perception of animal-based food products have further fueled the demand for lentil protein. Plant-based protein, including lentil protein, offers a healthier, low-cost, and environmentally friendly alternative to meat products. Consumers are drawn to lentil protein due to its nutritional benefits, particularly for those with active lifestyles or dietary restrictions.
• Health Benefits: Lentil protein is considered a complete protein source and contains essential vitamins, minerals, and protective properties that help prevent chronic diseases. Health-conscious consumers in regions like North America and Europe are increasingly prioritizing food products that promote long-term well-being, further boosting the market for lentil protein.

Business Opportunities

• Meat Analogues: As the negative perception of animal-based products grows, meat analogues or substitutes, such as lentil protein, are becoming popular. Lentil protein contains essential amino acids that make it an ideal substitute for meat in various applications. This growing trend towards meat alternatives is a significant driver for lentil protein demand.
• Functional Foods and Supplements: The increasing demand for functional foods and dietary supplements is creating new opportunities in the lentil protein market. Lentil protein is increasingly being used in a wide range of food products, including bakery and confectionery, snacks, cereals, beverages, and sports and energy nutrition.
• Growing Markets in Asia: While North America and Europe lead in lentil protein consumption, developing regions, particularly in East Asia, are emerging as lucrative markets. China, for instance, accounts for nearly 73% of lentil protein consumption in East Asia, with strong demand from the food and beverage sector. The sports and energy nutrition segment is expected to grow at a CAGR of 7.9% in this region.

Regional Insights

• North America: North America remains a dominant market for lentil protein, holding nearly 30% of the global market. The U.S. alone represents 86% of the North American market, with lentil protein isolates being the most popular form, valued at US$ 23 million in 2023. The region is expected to continue its growth, driven by high demand from the food and beverage industry and the rising popularity of vegan and plant-based diets.
• Europe: Europe is another leading market for lentil protein, with a strong consumer base focused on health and sustainability. The trend towards organic and non-GMO food products is likely to further boost demand in this region.
• East Asia: The East Asian market, led by China, is expected to see significant growth during the forecast period. The region's increasing focus on health and wellness, combined with the rising demand for sports and energy nutrition products, is driving the adoption of lentil protein in various sectors.

Challenges

Key Players in the Lentil Protein Market

Major companies in the market include:

• Ingredion Inc.
• Cargill Incorporation
• AGT Food and Ingredients
• Archer Daniels Midland Company
• Batory Foods
• Parabel
• Biorefinery Solutions
• Henry Broch Foods
• LENTEIN
• BI Nutraceuticals
• SPROUT
• Vestkorn
• GEMEF INDUSTRIES
• Barentz
• AMCO Proteins

Lentil Protein Market Segmentation

By Form:

• Isolates
• Concentrates
• Hydrolysates

By Nature:

• Organic
• Conventional

By Application:

• Food and Beverages
• Bakery & Confectionery
• Snacks & Cereals
• Meat Additives
• Beverages
• Others
• Infant Nutrition
• Pharmaceuticals
• Animal Feed
• Sports & Energy Nutrition

By Region:

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa